News Center

Gov. Andy Beshear announced that he is taking an economic development trip to bring new jobs to the state by traveling late next week to Japan and the Republic of Korea, where he will meet with leaders at existing Kentucky companies as well as businesses considering future investment in the...Continue Reading

The U.S. Department of Agriculture (USDA) is seeking information from the public on procedures for quantifying, reporting, and verifying the effect of climate-smart farming practices on the greenhouse gas (GHG) emissions associated with U.S.-grown biofuel feedstock crops. The input is being collected through a Request for Information to establish voluntary...Continue Reading

At the National Rural Grocer’s Summit today, U.S. Agriculture Secretary Tom Vilsack announced that USDA and Reinvestment Fund are launching a new program under the Healthy Food Financing Initiative (HFFI) to increase access to healthy foods in communities underserved by grocery stores. Funding for the new Food Access and Retail...Continue Reading

The U.S. Department of Agriculture (USDA) today announced resource enhancements designed to simplify and streamline access to contracting information for businesses interested in selling their products and services to USDA. These substantial updates include the addition of new and targeted contracting information on USDA.gov, along with improved functionality that makes...Continue Reading

Tourism can be a powerful engine for economic development, driving revenue, creating jobs, and revitalizing communities. This article explores various strategies and provides real-life examples of successful tourism initiatives that have significantly impacted local economies.Case Studies in Community InvolvementStay-Cation Success in Los Angeles, CALos Angeles has embraced the trend of...Continue Reading

Ramping Up an FDI Attraction Strategy Attracting international investment can seem daunting, especially for economic development organizations (EDOs) new to the endeavor or with limited staffing resources. However, successfully attracting foreign direct investment (FDI) to your locale typically provides generous returns. While FDI attraction presents a unique set of challenges, at...Continue Reading

Site selection seems like a straightforward process. But in reality, it is often complicated by a proliferation of individuals and firms branding themselves as site selectors without the requisite experience or expertise. This saturation has led to a buyer-beware market, where the ease of entry into the profession has diluted...Continue Reading

With its latest expansion project, PGT Trucking, Inc. is setting its sights on Gallatin County, Kentucky. The leading multi-service transportation firm is known for its expertise in the steel, building materials, machinery, oil and gas, raw materials, aluminum, and automotive industries. With the construction of new facilities in Ghent, KY,...Continue Reading

Economic development is intrinsically linked to the strength and adaptability of the local workforce. As economies evolve, it becomes crucial for economic developers to implement strategies that not only address current labor market needs but also anticipate future demands. Let’s dive into practical ways that economic development organizations can support...Continue Reading

Entering 2024, indications were that inflation might be easing, and borrowers became hopeful that interest rate cuts would be on the horizon. Now, four months into the year, inflation remains sticky, and Federal Reserve Chair Jerome Powell has suppressed talk about rate cuts.“In recent months, inflation has shown a lack...Continue Reading

Getting through the maze of federal funding and incentives in the world of manufacturing site selection and facility planning is akin to a high-stakes chess game. It's not just about the allure of the funds; it's the intricate dance of aligning these opportunities with your project's timelines and strategic goals...Continue Reading